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Cablevision agrees to settlement in backdating suits
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GoldenRod
10 years on LIF!
Member since 11/06 26792 total posts
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Shawn
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Cablevision agrees to settlement in backdating suits
http://www.newsday.com/business/ny-bzcvc0606,0,4289432.story
BY MARK HARRINGTON | [email protected]
8:27 PM EDT, June 5, 2008
Cablevision Systems Corp., along with 16 past and current executives, directors and an outside compensation consultant, reached a $34.4 million agreement to settle a series of options-backdating lawsuits.
Settlement of the consolidated suit, reported by Cablevision in a federal filing yesterday, will result in most of the $34.4 million being returned to company coffers ($7.1 million will cover plaintiffs' legal fees) from the officials, including the company's chairman, chief executive, numerous board members and the estate of a deceased former vice chairman. None of the individuals named in the suit admitted wrongdoing.
There's just too much corruption going on at that company....  I'm so glad I left them about 10 years ago. I've had DishNetwork for my TV since I left them, and now I have FiOS for my Internet. I'm not claiming that those companies are perfect, just that I haven't heard as many scandals about them as I have about Cablevision....
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Posted 6/6/08 7:44 AM  |
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LisaW
Time for me to FLY!
Member since 5/05 13199 total posts
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Did I ever tell you that I hate people?
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Re: Cablevision agrees to settlement in backdating suits
Posted by GoldenRod
http://www.newsday.com/business/ny-bzcvc0606,0,4289432.story
BY MARK HARRINGTON | [email protected]
8:27 PM EDT, June 5, 2008
Cablevision Systems Corp., along with 16 past and current executives, directors and an outside compensation consultant, reached a $34.4 million agreement to settle a series of options-backdating lawsuits.
Settlement of the consolidated suit, reported by Cablevision in a federal filing yesterday, will result in most of the $34.4 million being returned to company coffers ($7.1 million will cover plaintiffs' legal fees) from the officials, including the company's chairman, chief executive, numerous board members and the estate of a deceased former vice chairman. None of the individuals named in the suit admitted wrongdoing.
There's just too much corruption going on at that company.... I'm so glad I left them about 10 years ago. I've had DishNetwork for my TV since I left them, and now I have FiOS for my Internet. I'm not claiming that those companies are perfect, just that I haven't heard as many scandals about them as I have about Cablevision....
Well, I've been to their house, and they have a lot of upkeep 
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| Posted 6/6/08 7:46 AM |
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